Self-Healing Material Market – Overview
Self-Healing Material is designed to heal/reconcile the crack or other damages automatically on its own. Used in various materials such as Concrete, Polymers, Metals & Coatings, these materials can not only resist the attack but also quickly recover of whichever the reason have caused the deterioration/ degradation – archaic/ time, or a mechanical friction. Based on the technology used (e.g. Reversible Polymers, Microencapsulation, Biological Material Systems) to engineer; these materials, are commercialized to enhance lifetime & reliability of a product/material.
For instance, self-healing concrete used in construction can self-repair the cracks & other natural or artificial damages happened with the time. Similarly, self-healing polymers used in coatings in car paints can repair scratches on the body regaining the original shiny exterior. The Self-healing Material Market is expected to grow over the CAGR of around 7% during the period 2017 to 2023.
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Self-Healing Material Market – Competitive Analysis
The market appears to be highly competitive and fragmented. Innovation, mergers & strategic partnership, and brand reinforcement remain the key trends for leading players.
Industry/ Innovation /Related News:
January 23, 2018 – US – Research Result published – A group of researchers from two of America’s Nobel universities – Binghamton University & Rutgers University in a bid to discover another self-healing additive for concrete which can provide it a self-repairing capability; have found out that embedding a typical fungus – called ‘Trichoderma reesei’ into the concrete can provide it with healing properties.
January 31, 2018 – China – Research Result published – researchers at the Harbin Institute of Technology (China) have developed an advent self-healing coating with a hardness that even approaches tooth enamel by mimicking the structure of epidermis. The invention is the most desirable property combination in the current self-healing materials and coatings.
February 06, 2018 – Japan – Research Result published – Japanese student, Yu Yanagisawa at the University of Tokyo, while trying to invent a new type of Adhesive, accidently found a new type of polymer glass that can heal itself just within 30 seconds once smashed. This newly discovered self-healing polymer besides providing higher resilience to smartphones; will also be helpful in reducing e-wastes in the future.
The material is currently under development at the university and could potentially be used in smartphones so that people will not have to replace broken screens.
The key players of Self-healing material market are Bayer Material Science LLC (U.S.), High Impact Technology LLC (U.S.), Dow Chemical Company (U.S.), Michelin (France), Nissan Motor Company Ltd, (Japan), Huntsman Corporation (Texas), Akzo Nobel N.V. (Netherlands), MacDermid Autotype Ltd. (U.K.) and Autonomic Materials, Inc. (U.S.) among others.
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Market Research Analysis
The Asia-Pacific region is expected to grow the fastest in the Self-healing material market owing to factors such as rapid industrialization and the increasing foreign direct investments for the electronic and automotive industries in the region. With the easy availability of cheap labor in the region many manufacturing industries are establishing their manufacturing sites to the Asia-Pacific region, which are leading to an increase in use of self-healing materials. This is leading to the growth of the self-healing material market in the region.
The Europe region is expected to grow during the forecast period owing to the increase in the purchasing power of the people and the expansion of multinational companies, which are requiring the use of the self-healing materials.
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